Form 4: DigitalBridge Group Director Ian Schapiro Acquires 10,520 Shares of Class A Common Stock

Director Ian Schapiro acquired 10,520 shares of DigitalBridge Group's Class A common stock on July 18, 2024, as part of a restricted stock grant related to his board appointment.

Summary

• On July 18, 2024, Ian Schapiro, a director of DigitalBridge Group, Inc., acquired 10,520 shares of Class A common stock.
• The acquisition was a result of a restricted stock grant in accordance with the company's non-executive compensation policy, related to his appointment to the board of directors.
• The restricted shares are scheduled to vest on April 30, 2025.
• The grant value was $140,959, prorated for the period from his election on July 10, 2024, to the vesting date.
• The number of shares was determined by dividing the grant value by the closing price of DigitalBridge's common stock on the New York Stock Exchange on July 9, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The stock grant is a standard practice and aligns the director's interests with shareholders. There are no immediate negative implications.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment to the company's success.

Industry Context

This type of stock grant is a common practice for compensating board members in publicly traded companies, aligning their interests with shareholders and incentivizing long-term value creation.

Comparison to Industry Standards

• Granting restricted stock to board members is a standard practice across the industry.
• Companies like American Tower and Equinix also use similar compensation methods to align director interests with shareholder value.
• The vesting schedule of approximately nine months is relatively short compared to some companies that use multi-year vesting schedules.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to better decision-making.
• The grant has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates